Rebag Raises $25 Million In Its Series C Round Of Funding

Luxury handbag reseller Rebag is on a roll. The fashion retail company that purchases luxury handbags from their owners and resells them at boutiques in New York and Los Angeles just raised $25 million for its Series C round of funding and has ambitious expansion plans over the next three years. “2018 was certainly a big year for us,” said Rebag CEO and founder Charles Gorra. “We established a brand. We we went from digital to a offline, so we set a lot of the ground. Now with this it’s about massive expansion.”Rebag which has three locations in New York, in SoHo, at Billionaire’s Row, and inside the Westfield World Trade Center, and two locations in Los Angeles on Melrose Avenue and in Beverly Hills will expand across the United States over the next three years. Rebag aims to have 30 locations and currently has its eyes on major luxury markets like The Hamptons, Palm Beach, and Miami, and may go international. “We'll do it step by step right after this initial rollout,” said Gorra.